Coming from you, that carries no weight at all.
Unlike you, I actually understand the economy. How that hyperinflation that you predicted is going so far, by the way?
All enabled by the Fed. You really weren't paying attention, were you?
No. It was not 'enabled by the Fed' in any way. Not even in the 'it failed to regulate them' way.
Without the Fed holding down the interest rates by inflating the currency, rising rates would have limited the pyramiding of debt on debt.
Dude, if you had at least two brain cells you could have checked this hypothesis easily. The only way Fed could 'keep rates low' is by buying securities using newly created money. This kind of intervention should be easy to check.
So let's check the evidence: http://www.tradingeconomics.co... - there was no explosive increase in the M1 aggregate until the QE policies started post-2008. And even M2 aggregate shows nothing unusual: http://www.tradingeconomics.co...
Actually, I believe that you caused the 2008 crisis by raping little children in a DC kindergarten. That theory has about the same connection to reality as your ramblings.
Those who say things are impossible should get out of the way of those doing it..
Curious where your calculations come from that say it can't be done with any efficiency. (I am EE).
So the solution was the fed pumped vast amounts of money into the system and looked the other way when finance companies were essentially insolvent. A lot of debt got restructured. One group did get punished, under water home buyers were locked in and either had to scrap up enough money to pay or go bankrupt and lose every cent invested.
Yep. Fed actually took over several large financial companies and government provided emergency fiscal stimulus to kick-start the stalled economy. As a result, the recession in the US was not as deep as it could have been.
Europe instead drank the Ayn Rand Koolaid wholesale and went with hard austerity, never mind stimuli. Results are obvious: http://www.tradingeconomics.co... At this point Greece should just exit the Eurozone and leave Germany to pick up the pieces.
Who approved this "article"?
This is great news for many of us who run Linux desktops. As this is one of the 2 laptops Dell delivers preinstalled with Linux in the dell.com/ubuntu program.
About 4 months ago I got an XPS 15, with almost identical specs ( 256 SSD, 16GB Ram, 4-Core i7 CPU, etc. ). But I had to void my warranty minutes after I opened the box to replace Windows with Ubuntu, so I'm basically on my own support-wise after spending north of $2K.
This laptop would have been perfect for someone like myself and hope its Linux configuration makes enough sales so that it's still around when I need a new computer 2-3 years from now.
Does the average worker have a retirement investment account?
I suppose that depends on how you define "average." In the US, over 52 million people participate in 401k plans. That's in addition to those who have other retirement vehicles (like IRAs, etc). Almost all of those funds are tied up at least in part in mutual funds. Probably most people who aren't working aren't contributing to such a plan, though many who are out of work still have money sitting in them. Alas, we have over 90 million people who aren't participating in the labor force - the highest number since the 1970's. In more recent times, when more people had jobs, there was a much more common interest in how one's mutual funds were performing, because more people were actively slicing off a piece of each paycheck to invest therein. That tended to make more people aware of, and interested in how it all works.
It amazes me how nutty people get over "terrorists" when the roads are like a civilized version of Mad Max. People constantly die every day. Tens of thousands of lives unnecessarily lost every year just to automobile accidents. I feel like I'm the only rational person when I experience a certain apprehension every time I get behind a wheel, knowing that while racing through space in a multi ton coffin, even a small mistake could send me careening to my death.
The difference is that while you are indeed taking a small risk every time you get on the road, you have the luke-warm comfort of knowing that just like, you the vast majority of other people on the road don't want to die themselves, or see you die. Doesn't mean they're all as careful as they should be, and some are indeed belligerent and dangerous on the road, though they are the minuscule exceptions. Most accidents are the result of inattentiveness in one form or another, or poor judgment.
People, on the other hand, who do things like blow up train loads of passengers in London or Madrid, or who try to blow up an aircraft on final approach over Detroit, or who park a car bomb in Time Square
Work is the crab grass in the lawn of life. -- Schulz